Overall, this sets up greater focus on the October CPI release on Wednesday, though still has a long way to go before one would begin to consider the Fed as having an inflation issue on its hands. With respect to the Fed, markets received commentary from both St. Louis Fed President Bullard and Atlanta Fed President Bostic (both non-voters), which expectedly highlighted contrasting opinions on the FOMC. Overall, Bullard continues to press for no change in the Fed Funds rate until greater evidence of inflation begins to be seen. However, Bostic anticipates gradual further tightening will be appropriate in the years to come. Markets now look ahead to a greater flow of data on Wednesday, highlighted by CPI, retail sales, Empire manufacturing and business inventories releases. *^**^*